Please note that the information in this handbook is subject to change at any time based on changes to federal and/or institutional policies and regulations.

The University of Vermont's official method of communication with our students is through their UVM email
account. Please check this account often to stay up to date on all relevant information and notifications.

When budgeting and planning, consider both direct and indirect costs of a UVM education. Direct costs are those such as tuition, fees, room & board, which are
billed to your UVM account. Indirect costs, such as the costs for books, transportation to and from Burlington, and miscellaneous expenses will not be listed on your
bill, but are important to anticipate. Eligibility for financial aid is based on estimates of total costs, including both direct and indirect expenses. To view these
cost of attendance summaries, select your student type below.

February 10, 2015 for prospective, first-time, first-year undergraduate students

March 1, 2015 for returning undergraduate students

March 1, 2015 for fall semester undergraduate transfer applicants

March 1, 2015 for all graduate and medical students (new, prospective, and continuing)

Filing a paper FAFSA is not recommended as paper FAFSAs take significantly longer to
process. However, if you do chose to file the paper FAFSA, your FAFSA must be
received by the federal processor prior to the financial aid deadline.

Complete Verification if Required

UVM will verify all files that have been selected by the federal processor for a process called "verification" who have financial need or submit a case for
a "special circumstance", and you will be required to provide additional information in order for your financial aid eligibility to be determined. Your financial aid eligibility
cannot be determined until the verification process is complete. If your FAFSA is selected for verification, you will be notified by
e-mail of any required information that you must submit. The specific information requested will vary from student to student, so you will need to carefully review
the requirements added to your account to determine what additional information you must submit. View your financial aid status and requirements through UVM's
secure online system.

The deadline for students to complete the verification process is June 15, 2016 or 30 days after the student's last date of enrollment, whichever is earlier.

We will make every effort to award financial aid to all eligible students; however we cannot guarantee financial aid to students who submit documentation after
the deadline. Failure to supply all requested documentation by the deadline may result in a loss of eligibility for federal, state, and University financial
aid.

Please note that your tuition bill will be due before the dates listed above. Refer to your online bill or view our billing dates
for tuition due date information.

How Your Financial Aid Award was Determined

Federal Funds

Your financial aid award may include funds from several sources. Those funds labeled 'Federal' financial aid were awarded strictly on the basis of information you and
your family provided on the Free Application for Federal Student Aid (FAFSA). These may include a combination of grants, loans,
and work study (a federally funded, part-time job program).

Eligibility for these funds is determined by calculating your cost of attending UVM and subtracting the amount the federal processor has estimated your family can
contribute to those costs (your Expected Family Contribution, or EFC). We award federal financial aid funds in amounts that takes into account the funding
available to us and the maximum federal eligibility levels for each student. In most cases, federal funding sources are not adequate to fund the entire difference
between a student's cost of attendance and the federal estimate of the family's contribution (EFC).

Vermont State Grant Funds

The Vermont State Grant Program is administered by the Vermont Student Assistance Corporation (VSAC). A separate application for a
Vermont State Grant is required and Vermont students are encouraged to apply for grants and scholarships through VSAC each year. Eligibility for Vermont State Grants is
determined by VSAC. UVM Student Financial Services does not play a role in determining eligibility.

Other State Grant Funds

Eligibility for state grants is determined by the state grant agency that awards these funds. UVM Student Financial Services does not play a role in determining
eligibility. However, state grant funds are considered as a resource when determining financial need and eligibility for UVM need-based grant assistance.
In most cases, receipt of a state grant will result in a reduction to UVM grant aid if a state grant is awarded or changed after UVM assistance has been awarded.

UVM Funds

Eligibility for UVM need-based assistance is based on the family's Expected Family Contribution (EFC), as determined through filing of the FAFSA, and the strength of the
student's academic record as determined by the Admissions Office. University need-based assistance may take the form of grants, scholarships, and/or loans.

Students are automatically considered for UVM merit-based scholarships based on the applicaton for admission. Merit scholarships will be included in the financial
aid package for all students who qualify.

Scholarships and Other Assistance

Following federal guidelines, the Student Financial Services Office is required to take all financial resources into account when determining your eligibility for
financial aid. If you receive an outside scholarship, a University scholarship, an athletic grant, tuition remission from your or your parent's employer, a private
educational loan, or any other form of assistance you must notify our office in writing of this resource. Please notify our office in writing as soon as you are
informed of this outside assistance and include any relevant documentation. We will make every attempt to reduce your need-based loans and work programs before adjusting
any need-based grant or University scholarship assistance. Please realize that, in some cases, if the amount of your additional resource is higher than your need-based
loans and work programs, we may be required to reduce your need-based grant and/or scholarship funds. Once notified we will make an adjustment to your award and send
you a new award notification. Notifying us late in the process may result in an inconvenient adjustment to your financial aid package after classes have begun.

Following federal guidelines, graduate tuition assistance and New England Board of Higher Education (NEBHE) tuition assistance will be considered a direct resource
to the family. In most cases, receipt of these funds will result in a reduction of University funding (grants, scholarships and/or loans).

How to Read and Accept Your Financial Aid Award

Incoming Students: Once UVM receives your FAFSA from the Department of Education you will receive a letter of confirmation from our office. We begin
retrieving FAFSA records in early February, so you will not receive notification prior to that time. If any additional
information is needed, notification will be sent by e-mail instructing you how to access this information through UVM's secure website. Beginning in late March, after
any/all requested information has been received and reviewed by Student Financial Services, your financial aid award will be posted online in our secure system. You
will receive an e-mail when your financial aid award is available online. Please note that you will not receive an award letter by mail. To view the status of your
award online, visit www.uvm.edu/sfs/award and follow the instructions to log in.

Please note: If you have not submitted requested information by April you will be issued a Tentative Financial Aid Award that will detail an estimated financial
aid award package based upon information submitted on the FAFSA. This award is an estimate only and will not be finalized until all requested information has been
submitted and reviewed. If you are issued a tentative financial aid award, you will be notified by e-mail when your tentative award is available to review online. Your
tentative award will be posted online only.

If you are admitted to UVM, choose to enroll and then pay your Acceptance Fee, you will receive instructions from Student Financial Services on how to log into the
myUVM Portal, the system for current UVM students to access their student records and information. If you plan on attending UVM, you will be
required to log in to accept and/or decline your award offers. Once you are at the 'accept/decline' webpage, there will be a series of steps to follow as part of
the accept/decline process. Please follow each step carefully. As part of accepting your financial aid awards, you will be required to review and acknowledge the Student
Certifications associated with your aid package. No awards may be accepted or declined until late May. If you have an official award you will be notified via e-mail
once you are able to accept or decline your award through the myUVM portal.

Current Students: Beginning in mid-June, after any requested information has been received and reviewed by Student Financial Services, you will receive an
official award offer. You will receive an email sent to your UVM email account prompting you to log in to the myUVM Portal to view your official award and to accept
and/or decline your award offer. To log in, use your NetID and password. Once you are at the 'accept/decline' webpage, there will be a series of steps to follow as part
of the accept/decline process. Please follow each step carefully. As part of accepting your financial aid awards, you will be required to review and acknowledge the
Student Certifications associated with your aid package.

To All Students: If you do not have internet access, or are unable to access the internet elsewhere, please contact Student Financial Services at (802) 656-5700.

Complete and submit application materials to the appropriate agencies prior to any applicable deadlines.

Provide complete and accurate information in applying for financial aid and understand that any false statements could be cause for denial, reduction, withdrawal
or required repayment of financial aid.

Review any messages associated with your financial aid award and accept and/or decline your financial aid award promptly, once the accept/decline options have
been made available.

Monitor your UVM e-mail address and read all e-mails and materials sent to you from Student Financial Services and other agencies awarding
you aid. Read, understand, and keep copies of all forms you sign.

Respond promptly to any requests from Student Financial Services for additional information or action.

Understand that a financial aid award is subject to change based on: correction of computational errors; changes in availability of funds; changes and/or
corrections to any information reported on the Free Application for Federal Student Aid (FAFSA); changes to enrollment status or academic
standing; receipt of financial assistance not listed in your award.

Understand that if you have been awarded a scholarship or loan award from funds that were donated to the University of Vermont, your name, major and address
will be released to the donor of the funds.

Know and comply with the rules governing the aid you receive. These rules include but are not limited to:

You may not borrow in excess of the loan limits established under Title IV.

You may not receive financial aid for audited courses or credit by examination.

Promptly sign any required promissory notes and complete any required entrance counseling for any loans you wish to borrow.

Comply with the provisions of any promissory note and all other agreements you sign.

Complete the registration process each semester by the end of the drop/add period in order to ensure availability of all student aid funds you have been awarded.

Use student financial aid proceeds solely for educational costs and related living expenses.

Know that all sources of financial aid will be credited to your student account. This process is run on a nightly basis. If the financial aid overpays your account
a refund will be issued by either a paper check or direct deposit (if the student has set this up). In the case where a parent has borrowed a Federal Direct PLUS
Loan, any credit balance refund, up to the amount of the PLUS loan will be payable to the parent borrower, via paper check, unless UVM Student Financial Services has received authorization
from the parent borrower to release those funds to the student. This authorization may be given by the parent during the application process, or may be given to Student
Financial Services in writing any time before the refund is processed.

Know the impact that dropping a course or withdrawing from the University of Vermont will have on your student financial aid.

Understand that students who are receiving federal financial aid funds must make satisfactory academic progress towards completing their degree program in a
timely manner.

Understand that student financial aid recipients who do not receive any passing grades in a semester as a result of non-attendance will have their aid adjusted
according to federal regulations and may be required to repay part or all of the federal/state student aid funds received.

Notify Student Financial Services of any changes to your enrollment status, including changes to your course load or student status.

Report sources of student financial aid not listed in your award to Student Financial Services at the address below. Please submit a copy of any outside
scholarship award letters to the Office of Student Financial Services.

Know the correct procedures for applying for student financial aid, your cost of attendance, and the types of aid available.

Know how financial need is determined, how academic progress is determined, and what you have to do to continue receiving aid.

Know the type and amount of assistance you will receive and how and when you will receive your aid funds.

View the contents of your student financial aid file, in accordance with the Family Educational Rights and Privacy Act.

Know the conditions of any loan you accept.

Know the terms, conditions, and pay rate for any student job you accept under the Federal Work Study Program.

Notify Student Financial Services of any extenuating circumstances that may affect your family’s financial circumstances and request a re-evaluation of
your financial aid eligibility. Any re-evaluations are subject to available funding.

If you are a Federal Pell Grant recipient and your Title IV funds (Federal Pell Grant, Federal SEOG Grant, Federal Perkins Loan, Federal Direct Stafford Loan,
Federal Direct PLUS Loan) are eligible for disbursement* 10 days before the first day of classes for the semester, and those Title IV funds would overpay your qualified
charges, a financial aid refund will be issued by the 7th day of the payment period to assist you in purchasing books and supplies. The refund will be the
lesser of your anticipated Title IV credit balance (based on your current enrollment) or $50 per credit for the number of credits in which you are enrolled. If applicable,
your refund will be issued in the manner described above under student aid recipient responsibilities. You may contact Student Financial Services in writing to request
that your refund not be issued and that the credit balance be held on your UVM student account.

*Eligible for disbursement means that you have accepted the funds and completed all required promissory notes, entrance counseling or other requirements associated with
your aid.

Types of Financial Aid

Scholarships and Grants

These awards do not need to be repaid. If you have been awarded grant or scholarship funds of any kind (i.e., Federal Pell Grant, UVM scholarships, UVM and State
Grants), this money will be credited directly to your student account. Please keep in mind that some scholarships have specific renewal criteria. If eligible for such a
scholarship, you will be notified of the renewal criteria.

Federal Work-Study

Your award allotment is the maximum amount you are permitted to earn from the Work-Study Program during the academic semester and year. Work-Study is the one form of
aid that does not credit directly to your account. Instead, the money is paid directly to you as you earn it.

Students will receive additional information about the Federal Work-Study Program, including information about selecting and interviewing for a work study job and
the deadline to secure a position, by e-mail after accepting Work-Study in the financial aid award. The Work-Study award will be canceled for students who fail to
secure a position by the published deadline.
Students may accept spring only Work-Study by initially accepting the full-year Work-Study offer in their award, and then selecting the spring only option when
completing the Work-Study Terms & Conditions, once available.

Work-Study is a form of need-based financial aid. If your award package does not include Work-Study and you are interested in part-time employment, we suggest you
visit UVM's Student Employment Office, www.uvm.edu/sfs/seo, for assistance in searching for and obtaining a non-Work-Study job in
the Burlington area.

Loans

Loans are financial aid awards that must be repaid over time.

Below is a brief description of the individual loans that may appear in your financial aid package. Federal Stafford and PLUS Loans are borrowed through the William
D. Ford Federal Direct Loan Program (Direct Loans); click here to learn more about Direct Loans.

Federal Perkins Loan: 5% Interest Rate. Interest is not charged while you are enrolled at least half time. Repayment begins 9 months after graduation,
withdrawal from the University, or less than half-time enrollment. Repayment is handled by ECSI, www.ecsi.net. Deferments are
available during graduate school.

Federal Direct Subsidized Stafford Loan:
Direct Subsidized Loans are available to undergraduate students with financial need. The U.S. Department of Education pays the interest while you're enrolled at least half time,
for the first six months after you leave school (referred to as a grace period) and during a period of deferment (a postponement of loan payments). The interest subsidy may be
limited for students who fail to complete their program within 150% of its published length. An origination fee is deducted from each loan disbursement you receive. The interest
rates and origination fees for Stafford Loans are determined by federal law. For more information on Stafford Loan interest rates and fees
click here.
Repayment begins 6 months after graduation, withdrawal from the University, or drop below half-time enrollment. Visit the
National Student Loan Data System (NSLDS) to view information about all of your federal student loans and to find contact
information for your loan servicer. You can work with your loan servicer to choose a repayment plan that best suites your needs. Deferments are available during graduate school.

Federal Direct Unsubsidized Stafford Loan: Direct Unsubsidized Stafford Loans are available to undergraduate and graduate students; there is no requirement
to demonstrate financial need. You are responsible for paying the interest on the loan during all periods. An originate fee is deducted from each loan disbursement you receive.
Interest is charged regardless of enrollment status. You have the option of either paying or deferring the interest while enrolled at least half time. Any unpaid interest will be added to
the principal balance when repayment begins. Repayment begins 6 months after graduation, withdrawal from the University, or less than half-time enrollment. Visit the
National Student Loan Data System (NSLDS) to view information about all of your federal student loans and to find contact
information for your loan servicer. You can work with your loan servicer to choose a repayment plan that best suites your needs.
Deferments are available during graduate school.

Adams, Clark, and other UVM Loans: 5-8% interest rates. Interest is not charged while you are enrolled at least half time. Repayment begins 9 months after
graduation, withdrawal from the University, or less than half-time enrollment. Repayment is handled by ECSI, www.ecsi.net. Deferments
are available during graduate school.

Federal Direct Parent PLUS Loan for Undergraduate Students: To recieve a Direct Plus Loan you must be the parent (biological, adoptive, or in some cases, stepparent)
of a dependent undergraduate student enrolled at least half-time at a participating school. The parent and student must the general eligibility requirements for federal student aid.
A credit check is required to determine eligibility for the PLUS Loan Program. An origination fee is deducted from each loan disbursement. The interest rate for the Direct
PLUS loan is fixed. Interest rates and origination fees for PLUS Loans are determined by federal law. For more information on Plus Loan interest rates and fees
click here. Repayment of interest and principal begins 60 days after the loan is
fully disbursed. Repayment is handled by Direct Loan Servicing, National Student Loan Data System (NSLDS) to view information about all of your federal student loans and to find contact
information for your loan servicer. You can work with your loan servicer to choose a repayment plan that best suites your needs.

Loan Entrance Counseling

If you are a first-time Federal Direct Stafford, Federal Direct Graduate PLUS, or Perkins Loan borrower at UVM you will be required to complete a Loan Entrance
Counseling session online that will inform you of your rights and responsibilities as a Federal loan borrower. Complete Federal Stafford and Graduate PLUS Loan Entrance
Counseling online at www.studentloans.gov. Complete Federal Perkins Loan Entrance Counseling online at
www.mappingyourfuture.org

Your Bill

Your billing statement notification will be sent to your UVM email account. The timing of the bill generation and notification will depend on when you register
for classes. Most students receive their billing notification during the month of July for fall semester and in December for spring semester. For specific billing
dates please visit the Billing Dates and Due Dates web page. You can set up individuals with Proxy Access and grant them access to your account and billing information.
These individuals will also receive billing notifications via email and will have access to view and pay the bill online. The option to set up a Proxy is in the
Student Financial Services section of your myUVM Portal. If your financial aid award acceptance has been completed by the semester
billing date, your aid will be reflected on your bill as 'pending' financial aid. This enables you to postpone actual payment of the charges that will be covered by your
financial aid until those resources are paid to the University. If your aid does not appear on the bill, accept the aid you will use and complete the remittance form
(bottom portion of the bill), listing your accepted aid as in your award, or submit information on additional resources through the 'view up to date activity since your last bill' link in
your myUVM portal page. Alternatively, you can send an e-mail to billpay@uvm.edu. If your financial
aid will not entirely cover your charges, other resources will need to be used to cover the remaining balance before the due date as listed on your billing statement.

In some cases, the total amount of your financial aid may be greater than the amount you are billed. Your award amount is based on your total cost of attendance,
which includes items that do not appear on your bill such as books, supplies, and miscellaneous expenses. If your aid (excluding the Federal Work-Study Award, if offered)
for the semester is more than your bill and you have completed the registration process, you may be entitled to a refund once all your aid sources have been paid to your
account. Refunds are typically available after classes begin. Students expecting a refund should set up a direct deposit account to receive the refund. Direct deposit
can be set up through the myUVM portal.

Additional Financing Options

All students have a variety of other financing options to consider. Many elect to participate in the non-need based federal loan programs outlined above. Students may
also choose our University Payment Plan or private/alternative loan programs.

UVM Payment Plan: UVM makes available an interest-free monthly payment plan through Tuition Management Systems (TMS) that allows families to spread all or part
of the academic year's expenses over equal monthly installments. The fee to participate in this plan is $100 for a year, or $75 for a semester, paid to TMS.
For additional information, please contact TMS at (800) 722-4867.

529 College Savings Plan: Families who have set up a College Savings Plan, should contact their plan provider about how to request payments be made to the
school. UVM Student Financial Services does not request payment from college savings plans. It is the plan holder's responsibility to request
payment early enough so that the payment will be received and posted to the student's account prior to the due date.

Academic Withdrawal

If you decide to withdraw from a class or from the University after the beginning of classes for an academic period, please contact Student Financial Services prior
to your withdrawal. The financial aid awarded to you is based on the expectation that you will remain enrolled for the entire semester. If you withdraw from classes, we
must calculate how much of your Federal Student Aid you have actually earned and return any unearned funds to the Department of Education. Additionally, eligibility for
University grants, scholarships and loans will be re-evaluated based on your actual tuition charges. UVM Scholarship eligibility will also be re-evaluated in accordance with
UVM's Scholarship Policies. Vermont State Grant eligibility will be re-evaluated in accordance with the
Vermont Grant refund policy established by VSAC. You may be required to repay some or all of the financial aid paid to your student
account. In addition, if you received a refund of financial aid to assist with your education related and/or living expenses, you may need to repay those funds as well.
If, upon withdrawal, you are entitled to a refund of charges (i.e., tuition, fees, room or board), a portion of
that refund may have to be returned to the financial aid programs from which you received assistance, including loan programs. The amount to be returned will be
calculated according to federal guidelines. Dropping or withdrawing from a course or courses is a formal procedure that requires action on behalf of the student. A
student who wishes to drop a course should do so through the myUVM Portal before the end of the add/drop period for the semester. To
withdraw from a course, a student must obtain a withdrawal form from the Registrar's Office, receive the appropriate signatures and turn it in to the Student Service
Center.

Satisfactory Academic Progress Standards

Standards for Undergraduate Financial Aid Recipients

Recipients of federal, state and need-based institutional student aid retain eligibility by maintaining Satisfactory Academic Progress (SAP). The school is required to have
a written policy that is published and available to all students. The SAP policy must be the same as or more strict than the academic policy that is applied to students enrolled
in the same program who are not receiving federal student aid.

The SAP policy must include a quantitative measure (maximum time frame and pace of completion), qualitative measure (GPA), and must determine the regular intervals
when SAP will be measured. The policy must address the treatment of remedial and ESL courses, audited and pass/fail credits, incompletes, transfer, consortium, second
degree and second major courses, and withdrawals.

Quantitative Standard

Maximum time frame: For an undergraduate program, the maximum time frame cannot exceed 150% of the published length of the program in credit hours
attempted.

The majority of UVM's undergraduate programs require 120 credits for graduation; for these programs, the maximum timeframe is 180 attempted credits.

For programs requiring more than 120 credits for graduation, the maximum timeframe is determined by multiplying the number of credit hours required for graduation by 150%
and rounding down to the nearest whole integer. For example:

If the credits required for graduation are...

The maximum timeframe is...

120

180 attempted credits

121

181 attempted credits

124

186 attempted credits

126

189 attempted credits

130

195 attempted credits

The maximum time frame is not extended for students who change majors, pursue a double major and/or double minor.

For students pursuing a double major, the maximum timeframe is based on the program which requires the fewest credits for graduation. Students who have not declared a major
are held to the 180 attempted credit maximum.

Maximum timeframe is based on credits required to graduate as provided to Student Financial Services annually from each College's Dean's Office.

Pace: Undergraduate students must earn at least 67% (cumulative) of the credit hours they attempt.

Attempted credits: A credit hour is considered attempted if a student is officially registered for the credit at the conclusion of the drop/add period for the
applicable term or module except that:

A credit is considered attempted if the credit is officially added after the conclusion of the drop/add period (a retroactive add).

A credit is not considered attempted if a student is officially registered for a credit hour at the conclusion of the drop/add period for the applicable term/module but the
course professor or dean's office subsequently certifies that the student never attended the course and as a result the credit is retroactively dropped.

Qualitative Standard
Students must maintain at least the minimum cumulative grade point average (GPA) listed below for their college and major:

Students who are pursuing a double major with majors that have different cumulative GPA requirements for financial aid are held to the higher cumulative GPA requirement.

Incompletes and Withdrawals
Grades of I and W are counted as courses attempted but not earned and count towards the maximum time frame.

Audited Courses
Students do not earn any academic credit for audited courses. They do not count in the calculation of GPA, attempted or earned credits. Note that financial aid is not
available to assist with courses taken for audit.

Pass/Fail Courses
These hours count toward the total of attempted and, if passed, earned hours.

Repeated Courses
A course is repeated when a student takes the same course, with the same content, more than once. Content, not course subject, number and title, determines whether a course is
being repeated. (For example, a student who takes Classics 096/Special Topics in the fall and spring terms is not repeating the course if the fall course studies Plato and the
spring course studies The Aeneid.) In cases where the course subject and number repeat but new content is provided, the course is not considered to be repeated and all attempts
of the course are included when calculating a student's GPA and attempted and earned credit hours.

When a course is repeated:

The credit hours for both attempts are counted in the GPA calculation;

The credit hours for both attempts are counted in the calculation of attempted credits;

A student may not earn credits twice for the same course - therefore:

If a student successfully passes both attempts, the calculation of earned credits includes only one attempt;

If a student successfully completes neither attempt, the calculation of earned credits includes neither attempt.

If a student successfully completes one attempt, the calculation of earned credits includes only the successful attempt.

Academic Amnesty
For the purposes of determining Satisfactory Academic Progress for financial aid purposes, all courses and grades for courses that are granted academic amnesty are still
considered when determining whether a student meets the quantitative and qualitative standards.

Transfer/Consortium Credits
Transfer credits are counted as hours attempted and earned. Transfer credits are not factored when calculating a student's GPA.

Credits earned before enrolling in a degree program
Credits taken while a non-degree students at UVM but which apply toward a student's undergraduate degree are included in the calculation of a student's attempted
and earned credits and when calculating a student's GPA.

Remedial and ESL courses
These hours count as both attempted and, if passed, earned hours, as well as in the GPA calculation.

Process
Each financial aid recipient's progress is reviewed once annually, at the conclusion of the spring term. Students are measured against both the qualitative and the quantitative
standards. Students are responsible for notifying Student Financial Services of any grade changes which occur after grade processing and satisfactory academic progress
evaluations are complete.

If a student is not meeting the standard, the student's eligibility for federal, state and need-based institutional aid is terminated. The student is notified that his/her
eligibility has been terminated. The student's Dean's Office is notified also. The notice provides students information about the SAP standards and how the student can appeal
the decision to terminate his/her aid eligibility.

If a student was previously placed on financial aid warning (under policies in place during prior award years), their progress will be reviewed at the end of their warning
term.

If a student was placed on probationary status, their progress will be reviewed after each term that the student is enrolled in classes.

Financial Aid Warning
This status only exists based on evaluations which occurred prior to the 14-15 award year.

Financial Aid Warning status is assigned to a student who has failed to meet the Satisfactory Academic Progress standards when it is first determined that they are not
meeting the standard(s). During a period of financial aid warning, a student who meets all other eligibility requirements remains eligible for federal and institutional
financial aid. Financial Aid Warning status is granted for one term - and a student's warning term is the next term during which the student is enrolled for any credits as an
undergraduate student at UVM after failing to meet the Satisfactory Academic Progress Standard(s).

Financial Aid Probation
Financial Aid Probation status is assigned to a student who has failed to meet the Satisfactory Academic Progress standards and whose financial aid eligibility has been
reinstated based on a successful appeal. During a period of Financial Aid Probation, a student who meets all other eligibility requirements remains eligible for federal
and institutional aid. When a student's appeal is granted, Financial Aid Probation is granted for one or more terms based on an academic plan provided as part of
the student's appeal. Student's remain on Financial Aid Probation provided they comply with the terms of their academic plan.

Appeals
Students may appeal a termination of financial aid based on failure to maintain Satisfactory Academic Progress. Students are advised to appeal within 45 days of the
date of their termination notice. All appeals must be submitted in writing using the UVM SAP Appeal form, must clearly document why the student failed to meet the
Satisfactory Academic Progress standards, what has changed that will allow the student to meet the standards, and must be accompanied by an academic plan, signed by the
student's Dean's Office or academic advisor which indicates the specific actions the student will take to meet the standard and when the student will meet the standard.
Complete appeal forms along with the academic plan and supporting documentation should be submitted to Student Financial Services.

The appeal is reviewed by a committee of at least three staff members in Student Financial Services. The decision of the committee is final.

If the appeal is granted, the student will be placed on Satisfactory Academic Probation contingent upon successful completion of the academic plan provided as part of
their appeal. The student shall remain on probation provided they comply with their academic plan, until they are meeting the University's Satisfactory Academic
Progress standards.

If the appeal is denied, the student can continue to attend the University, but it would be at his/her own expense.

The student and his/her Dean's Office will be notified of the outcome of the appeal.

Reinstatement of Financial Aid Eligibility
A student whose financial aid eligibility has been terminated for failure to maintain Satisfactory Academic Progress and who is subsequently found to be meeting the SAP
standards and who meets all other eligibility requirements shall be eligible for federal and institutional aid.

Standards for Graduate Financial Aid Recipients

Recipients of federal, state and need-based institutional student aid retain eligibility by maintaining Satisfactory Academic Progress (SAP). The school is required to have a
written policy that is published and available to all students. The SAP policy must be the same as or more strict than the academic policy that is applied to students
enrolled in the same program who are not receiving federal student aid.

The SAP policy must include a quantitative measure (maximum time frame and pace of completion), qualitative measure (GPA) and must determine the regular intervals
when SAP will be measured. The policy must address the treatment of remedial and ESL courses, audited and pass/fail credits, incompletes, transfer, consortium, second
degree and second major courses, and withdrawals.

Quantitative MeasureMaximum time frame: Students must complete a Master's degree within five years of matriculation to the program. Students in a Doctorate Degree program
must complete their degree within nine years of matriculation to the program.

Pace: Students must earn at least 67% (cumulative) of the credit hours they attempt.

Attempted credits: A credit hour is considered attempted if a student is officially registered for the credit at the conclusion of the drop/add period
for the applicable term or module except that:

A credit is considered attempted if the credit is officially added after the conclusion of the drop/add period (a retroactive add).

A credit is not considered attempted if a student is officially registered for a credit hour at the conclusion of the drop/add period for the applicable term/module but the
course professor or dean's office subsequently certifies that the student never attended the course and as a result the credit is retroactively dropped.

Qualitative Standards
Students must maintain a cumulative GPA of at least a 3.0.

Incompletes and Withdrawals
Grades of I and W are counted as courses attempted but not earned and count towards the maximum time frame.

Grades of "XC" (Extended Credit) and "M" (Missing)
Credits for which the grade is XC or M are neither earned nor attempted. As of the fall 2010 semester, the grade of XC is no longer permitted.

Audited Courses
Students do not earn any academic credit for audited courses. They do not count in the calculation of GPA, attempted or earned credits. Note that financial aid is not
available to assist with courses taken for audit.

Pass/Fail Courses
These hours count toward the total of attempted and, if passed, earned hours.

Repeated Courses
A course is repeated when a student takes the same course, with the same content, more than once. Content, not course subject, number and title, determines whether a course
is being repeated. (For example, a student who takes Classics 096/Special Topics in the fall and spring terms is not repeating the course if the fall course studies Plato and
the spring course studies The Aeneid.) In cases where the course subject and number repeat but new content is provided, the course is not considered to be repeated and all
attempts of the course are included when calculating a student's GPA and attempted and earned credit hours. The Registrar's Office identifies repeated coursework.

Graduate students may repeat a course for credit only when failed and only once. When a course is repeated:

Only the credit hours for the second attempted are counted in the GPA calculation;

The credit hours for both attempts are counted in the calculation of attempted credits;

The credit hours for the second attempt (if successfully passed) are included in the calculation of earned hours;

The credit hours for the first (failed) attempted were not earned.

Academic Amnesty
For the purposes of determining Satisfactory Academic Progress for financial aid purposes, all courses and grades for courses that are granted academic amnesty are still
considered when determining whether a student meets the quantitative and qualitative standards.

Transfer/Consortium Credits
Transfer credits are counted as hours attempted and earned. Transfer credits do not impact a studen'ts cumulateive GPA.

Credits earned before enrolling in a degree program
Credits taken while a non-degree students at UVM but which apply toward a student's graduate degree are included in the calculation of a student's
attempted and earned credits and when calculating a student's GPA.

Remedial and ESL courses
These hours count as both attempted and, if passed, earned hours, as well as in the GPA calculation.

Process
Each financial aid recipient's progress is reviewed once annually, at the conclusion of the spring term. Students are measured against both the qualitative and the quantitative
standards. Students are responsible for notifying Student Financial Services of any grade changes which occur after grade processing and satisfactory academic progress
evaluations are complete.

If a student is not meeting the standard, the student's eligibility for federal, state and need-based institutional aid is terminated. The student is notified that his/her
eligibility has been terminated. The student's Dean's Office is notified also. The notice provides students information about the SAP standards and how the student can appeal
the decision to terminate his/her aid eligibility.

If a student was previously placed on financial aid warning (under policies in place during prior award years), their progress will be reviewed at the end of their warning term.

If a student was placed on probationary status, their progress will be reviewed after each term that the student is enrolled in classes.

Financial Aid Probation
Financial Aid Probation status is assigned to a student who has failed to meet the Satisfactory Academic Progress standards and whose financial aid eligibility has been
reinstated based on a successful appeal. During a period of Financial Aid Probation, a student who meets all other eligibility requirements remains eligible for federal
and institutional aid. When a student's appeal is granted, Financial Aid Probation is granted for one or more semesters based on an academic plan provided as part of
the student's appeal. Student's remain on Financial Aid Probation provided they comply with the terms of their academic plan. If a student is on Financial Aid Probation,
his/her progress is reviewed at the end of each term.

Appeals
Students may appeal a termination of financial aid based on failure to maintain Satisfactory Academic Progress. Students are advised to appeal within 45 days of the date
of their termination notice. All appeals must be submitted in writing using the UVM SAP Appeal form, must clearly document why the student failed to meet the
Satisfactory Academic Progress standards, what has changed that will allow the student to meet the standards, and must be accompanied by an academic plan, signed by the
student's Dean's Office or academic advisor which indicates the specific actions the student will take to meet the standard and when the student will meet the standard.
Complete appeal forms along with the academic plan and supporting documentation should be submitted to Student Financial Services.

The appeal is reviewed by a committee of at least three staff members in Student Financial Services. The decision of the committee is final.

If the appeal is granted, the student will be placed on Satisfactory Academic Probation contingent upon successful completion of the academic plan provided as part of
their appeal. The student shall remain on probation provided they comply with their academic plan, until they are meeting the University's Satisfactory Academic
Progress standards.

If the appeal is denied, the student can continue to attend the University, but it would be at his/her own expense.

The student and his/her Dean's Office will be notified of the outcome of the appeal.

Reinstatement of Financial Aid Eligibility
A student whose financial aid eligibility has been terminated for failure to maintain Satisfactory Academic Progress and who is subsequently found to be meeting the SAP
standard(s) and who meets all other eligibility requirements shall be eligible for federal and institutional aid.

Standards for College of Medicine Financial Aid Recipients

Introduction
Students must maintain Satisfactory Academic Progress (SAP) in order to remain enrolled as candidates for the M.D. degree. The College of Medicine SAP policy includes
both qualitative and quantitative standards, which are detailed below.

Academic progress for medical students is closely monitored by the College of Medicine Committee on Advancement. The specific standards by which the Committee on
Advancement operates are detailed in the Rules and Regulations of the College of Medicine.

Qualitative Standards
The qualitative standards for academic progress are detailed in Section 3 of the Rules and Regulations of the College of Medicine and each student's progress is reviewed
at least once each academic year by the Committee on Advancement.

Students must pass each segment of the curriculum to the satisfaction of the Committee on Advancement before advancing to the next segment, and must complete all
requirements of the curriculum to the satisfaction of the Committee in order to graduate. Students must maintain academic standing consistent with the College of
Medicine's graduation requirements. Students are considered to have academic standing consistent with the College's graduation requirements if they are progressing
through the curriculum to the satisfaction of the Committee on Advancement.

As outlined in the Rules & Regulations of the College of Medicine, students who fail any course, clerkship, or advanced rotation may, with the permission of the
Committee on Advancement, make arrangements to remove those deficiencies or repeat the courses, clerkships, or advanced rotations. A student removing deficiencies or
repeating the work of Foundations or one or more clerkships or advanced rotations with the approval of the Committee on Advancement is considered to have an academic
standing consistent with the College's standards for graduation and therefore to be making Satisfactory Academic Progress, provided s/he continues to meet the
Quantitative Standards outlined below.

Students who fail to meet the qualitative standards are dismissed from the College of Medicine.

Quantitative Standards
The maximum timeframe to earn the M.D. is six years, including leaves of absence granted by the College of Medicine. Except as noted below, students shall not remain
enrolled as a candidate for the M.D. degree, and shall not receive financial aid, beyond 6 academic years from his/her matriculation to the College of Medicine.

The College of Medicine curriculum is comprised of three segments: Foundations, Clerkships and Advanced
Integration. The standard lengths of these curricular segments are as follows:

Foundations - 19 months

Clerkships - 12 months

Advanced Integration - 14 months

In order to ensure timely progress toward their degrees and maintain Satisfactory Academic standing, a student must

Complete the Foundations Level within three years of matriculation to the College of Medicine

Complete the Clerkships Level within two years; except that a student who has taken more than the standard 19 months to complete Foundations must complete the
Clerkships Level on a pace which maintains progress toward completion of the M.D. program by the end of the sixth academic year following matriculation to the College of
Medicine.

Complete Advanced Integration

Within two years OR

By the end of the sixth academic year following their matriculation to the College of Medicine, whichever is sooner.

A student enrolled in the M.D.-Ph.D. Program must meet the standards outlined in above and may not take more than six cumulative years to earn the M.D. degree. The
period of time during which students are enrolled in the Ph.D. portion of the M.D.-Ph.D. program is excluded from the six year cumulative maximum timeframe.

Students granted leaves of absence from the College of Medicine M.D. program in order to pursue additional degrees (e.g., Master's in Public Health) at a Title IV
approved institution must meet the standards outlined in above and may not take more than six cumulative years to earn the M.D. degree. The period of time during which
students are on leaves of absence to pursue additional degrees is excluded from the six year cumulative maximum timeframe.

The Quantitative Standards are monitored by the Committee on Advancement. Students who fail to meet the Quantitative Standards are ineligible for financial aid;
however, students will be eligible for financial aid during periods of Financial Aid Probation as defined below or when academic plans are established as defined
below, which will allow students to meet the quantitative standards by specified dates.

Repeated Coursework
A student repeating a course, clerkship or rotation with the approval of the Committee on Advancement is considered to be making Satisfactory Academic Progress provided
s/he continues to meet the quantitative standard outlined above.

Incompletes and Withdrawals
Students must complete all segments of the curriculum to the satisfaction of the Committee on Advancement. Failure to do so will result in a determination that a student
is not making SAP. Incompletes and withdrawals may be made up with the permission of the Committee on Advancement. A student who is making up a withdrawal or incomplete
with the approval of the Committee is considered to have an academic standing consistent with the College's graduation requirements and therefore to be maintaining SAP,
provided s/he continues to meet the Quantitative Standards outlined above.

Transfer Credits
In the event that a student transfers into the College of Medicine, it shall be assumed that any courses/credits accepted for transfer were completed to the satisfaction
of the Committee on Advancement and those credits will be considered attempted and completed.

Academic Amnesty
All coursework completed as part of a student's M.D. program at UVM College of Medicine shall be evaluated when determining whether the student is making academic
progress.

Financial Aid Eligibility
As indicated above, financial aid eligibility is terminated for students not making SAP. Student whose financial aid eligibility is terminated will regain eligibility
for financial aid

If the student is found to be making Satisfactory Academic Progress at the next scheduled evaluation; the student will be eligible beginning with the payment period in
which the student is found to be making progress.

During a period of Financial Aid Probation approved as the result of the student's appeal as described below.

Following a period of Financial Aid Probation if the student is then found to be making Satisfactory Academic Progress.

During and following a period of Financial Aid Probation if the student is not making Satisfactory Academic Progress but meets the requirements of a documented
academic plan developed as the result of an appeal.

Financial Aid Probation
Financial aid probation is a period of time, not to exceed one payment period, during which a student who is not maintaining Satisfactory Academic Progress is eligible
for financial aid as a result of an appeal.

Notification
The chair of the Committee on Advancement or his/her designate shall notify the Associate or Assistant Director for Compliance, Audit & Control in Student Financial
Services when any student is not meeting the quantitative academic progress standards.

Student Financial Services shall notify students whose financial aid eligibility has been terminated for failure to meet the quantitative standards of their right to
appeal that termination.

Right to Appeal
Students may appeal a decision of unsatisfactory academic progress and any corresponding termination of financial aid eligibility. Such appeals will be heard by the
Committee on Advancement or by an ad hoc committee with representatives from the Committee on Advancement and Student Financial Services if a student appeals for aid
beyond the six year maximum timeframe due to extenuating circumstances such as catastrophic illness.

Grounds for Appeal
Appeals may be granted and, if applicable, financial aid eligibility reinstated on a probationary basis, based on one the following.

The student has documented why s/he failed to meet the quantitative standard and what has now changed that will permit him/her to meet the quantitative standard, AND
the Committee on Advancement reasonably expects the student to be meeting the quantitative standard by the next evaluation; OR

The student has documented why s/he failed to meet the quantitative standard and what has now changed that will permit him/her to meet the standard. The Committee
on Advancement does not reasonably expect that the student will meet the quantitative standard at the next evaluation; however, the Committee on Advancement has
established a specific and documented educational plan which, if followed, will permit the student to meet the quantitative standard by a specified date.

Appeals will not be granted for students who have reached the maximum timeframe to complete their degrees solely for the purpose of providing the student additional
time in which to complete required coursework.

In the event of extraordinary circumstances, such as catastrophic illness or required military service, students may appeal the quantitative standard and seek
financial aid beyond his/her sixth academic year after matriculating to the College of Medicine. These appeals shall be heard by an ad hoc committee comprised of
representatives of the Committee on Advancement and Student Financial Services.

For U.S. military veterans seeking re-admission to the College of Medicine under the University's Veteran Readmission Policy, the student's notice of his/her intent
to re-enroll shall constitute the appeal and the period of qualified service/recovery shall be excluded when evaluating the student's academic progress.

A copy of any educational plan developed as the result of an appeal shall be provided to Student Financial Services.

Financial Aid Eligibility and Illegal Drug Use

Please find below a copy of the annual notice sent to all students regarding the impact of possession and/or sale of illegal drugs on eligibility for federal and
university financial aid.

Dear Student:

In addition to the many known health risks associated with illegal drug use, we are required to notify all students each academic year that a federal or state drug
conviction for an offense that occurs while a student is receiving Federal Student Aid may disqualify a student from receiving Federal Student Aid funds including, but
not limited to, Federal Pell and SEOG Grants, Federal Stafford and Perkins Loans, Federal Work Study and institutional sources of aid including University grants.

For students convicted of possession or sale (including conspiring to sell) of illegal drugs where the offense occured while the student was receiving Federal Student
Aid, the student will be ineligible for Federal and University Student Aid as described below.

Possession of Illegal Drugs: 1st Offense:
Ineligible for Federal Student Aid and University aid for 1 year from date of conviction.

Possession of Illegal Drugs: 2nd Offense:
Ineligible for Federal Student Aid and University aid for 2 years from date of conviction.

Study Abroad and Aid

Your financial aid will be re-evaluated if you choose to enroll in a study abroad program. Your aid award will be based on the cost
of your study abroad program. If less expensive than the same period of enrollment at UVM, your total aid will be reduced. If more expensive than the same
period of enrollment at UVM, your total aid will be increased. Generally, loans will be offered to cover the additional cost. Please note that most UVM Grant and
Scholarship assistance may only be used for UVM sponsored exchange programs (including
ISEP Exchange, but not ISEP-Direct), or a UVM semester abroad program (Oaxaca, Mexico program and the Buckham Overseas
program). These programs are generally referred to as "internal" programs. Institutional aid is not available for programs classified as approved
external programs by the Office of International Education.

Summer Study and Aid

The Federal Direct Stafford Loan Program and the Federal Direct PLUS Loan Program allow borrowing for summer study provided you have loan eligibility remaining from the prior
academic year. You must be enrolled in at least six credits during the summer session to be considered for these Federal Direct Loan Programs. Federal Pell Grants may be
available to students who qualify based on enrollment status and financial need. In order to be considered for summer aid, you must complete the
FAFSA for the prior academic year (ie: to receive aid in the Summer 2015, you must complete the 2014-2015
FAFSA). After registering for summer courses you will receive an email from Student Financial Services with a link to further
information regarding summer financial aid options.

Reapplying for Aid

Students are required to complete the FAFSA every year to be considered for financial aid each year. Since family circumstances may
change, your financial aid eligibility must be determined annually. There is no automatic renewal of financial aid awards at UVM. Your
FAFSA must be received each year by the Federal Processor no later than March 1 to meet the UVM priority funding deadline. A student
whose FAFSA is received by the processor after the March 1 deadline may receive reduced levels of aid because priority for
limited UVM financial aid funding is given to students who meet published deadlines.

Due to increased demand on financial aid resources, increases in tuition, room and board may not be met by additional grant assistance. Student and parent loans may
be awarded to assist in funding annual increases in the cost of attending the University.